Last Updated on 11 June 2020

Credit Bureau Consent, Welcome Offer & General Terms & Conditions

I hereby acknowledge and agree to allow Citibank to share my details with any UAE credit bureau and make enquiries about me with any UAE credit bureau at its sole and absolute discretion. I agree to the Terms and Conditions listed below. Citibank Terms and Conditions apply, are subject to change without prior notice and are available upon request. For the current Terms and Conditions, please visit our website www.citibank.ae. All offers are made available on a best-effort basis and at the sole discretion of Citibank, N.A. Citibank, N.A. makes no warranties and assumes no liability or responsibility with respect to the products and services provided by partners/other entities. By inquiring about our services, offers or products, you will be authorizing our representatives to approach you on your contact details including your telephone/mobile number for any product or service offered by Citibank. The applicant agrees to be bound by Citibank’s General Terms and Conditions available on the website www.citibank.ae. The applicant hereby represents and warrants that the information provided herein is true, accurate, and complete and that he/she agrees to remain responsible for and to indemnify Citibank, N.A. from and against any losses, claims and/or liabilities incurred by Citibank NA as a result of having relied on such information. Citibank, N.A. is not required to verify the information provided by the applicant and neither is the bank obliged to provide the applicant with any loans or credit facilities based on the provided information. The products and services mentioned on this website are not offered to individuals resident in the European Union, European Economic Area, Switzerland, Guernsey, Jersey, Monaco, San Marino, Vatican, The Isle of Man or the UK. This page is not, and should not be construed as, an offer, invitation or solicitation to buy or sell any of the products and services mentioned herein to such individuals.

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National Bonds Term Sukuk

National Bonds Bank

Term Sukuk

Min Balance to Maintain

AED 50K

Monthly Fee

AED 0

Relationship Manager

Yes

National Bonds
min balance

AED 50K

Min Balance to Maintain

monthly fee

AED 0

Monthly Fee

relationship manager

Yes

Relationship Manager

View details on bank page

Features

  • This is an Islamic account by nature.
  • There is no monthly fees on this account
  • This account can be availed only in AED.
  • You need a minimum balance of AED 50000 to avail this account.
  • You can earn a profit rate of 3% per year for three years, 2.25% per year for two years and 1.75% per year for one year.
  • Profit is credited quarterly to accounts.

Main Benefits

  • You can sign up for term sukuk on individual or company basis.
  • You have the flexibility to redeem your investment prematurely.
  • You can have your subscription fee waived off during maturity.
  • You can avail the help and advice of a relationship manager.
  • You can remain connected to your account with free SMS updates.
  • This account is fully Sharia compliant.

Frequently Asked Questions

⭐ Is National Bond Term Suluk Sharia Compliant?

A.Yes. It is a Sharia Compliant based account.

⭐ What is the minimum balance required to avail Term Sukuk account?

A. AED 50,000 is required as a minimum balance to avail this account.

⭐ Is there any monthly fee for this account?

A. The monthly fee is zero for the National Bond Sukuk account.

⭐ In which currency can we access Sukuk Account?

A. You can access this account in AED currency.

⭐ How can we calculate the profit rate on this account?

A. The profit rate is credited quarterly to your Sukuk account.

⭐ Who is eligible for opening a Term Sukuk account?

A. Individuals & a company can open this account.

National Bonds

National Bonds Corporation PJSC is a leading investment company that takes pride in its innovative shari'a approach to financial products and services; catering to a substantial and diversified client base of retail customers, high-net-worth individuals, and corporations.

National Bonds offers direct wealth accumulation through an all-in-one shari'a compliant Mudaraba based saving scheme, the first of its kind in the world. The company's strong belief in the pivotal role of savings in building a stronger economy helped its customers achieve their own financial future objectives through disciplined and regular saving habit. And it's committed to keep shaping brighter financial future for today's and tomorrow's generations.

Their values:

  • Integrity and Transparency.
  • Passion for Excellence.
  • Customer Centric.
  • Nurturing staff.
  • Innovation
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